JSE USD Market closes higher

Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks exchanged declining 81 percent with 94 percent fewer US dollars changing hands compared to Friday, resulting in trading in six securities, up from four on Friday with prices of two rising, two declining and two ending unchanged.
The market closed with an exchange of 186,772 shares for US$6,867 compared to 1,000,615 units at US$122,251 on Friday.
Trading averaged 31,129 shares at US$1,145 down from 250,154 stock units for US$30,563 on Friday.  Trading for the month to date averages 105,380 shares at US$9,856 compared to 154,880 stocks at US$15,664 that was previously traded and January that ended with an average of 42,169 units for US$5,037.
The US Denominated Equities Index increased 1.01 points to close at 252.02.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.5. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Margaritaville dipped 0.07 of a cent and ended at 11.43 US cents after 2,500 stock units passed through the market, Productive Business Solutions ended at US$1.79, with only 27 shares being traded, Proven Investments popped 0.09 of a cent to 13.39 US cents with a transfer of 17,272 shares. Sygnus Credit Investments lost 0.07 of a cent in closing at 8.9 US cents as investors exchanged 12,000 stock units and Transjamaican Highway rose 0.05 of a cent to close at a 52 week’s high of 2.05 US cents with 154,946 shares clearing the market.
In the preference segment, JMMB Group US8.5% preference share remained at US$1.04 with an exchange of 27 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.